News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Breaking news

Bitcoin extending losses over 4% during morning Friday APAC trade, now down over 20% since topping earlier this month.

Real Time News
  • As expected when I wrote about crypto a week ago after multiple bearish warning signs emerged (Doji and RSI divergence). #BITCOIN now looking to follow the bearish implications of a Rising Wedge #BTC $BTCUSD - https://www.dailyfx.com/forex/technical/article/special_report/2021/04/15/Bitcoin-BTC-Litecoin-LTC-Ethereum-ETH-Analysis-Is-Momentum-Fading.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/JWnF8M1R73
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.63% Gold: 0.22% Silver: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/JYjpeVZCY2
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/v7ulcLZExv
  • #Bitcoin collapsing below the 89-EMA for the first time since October last year Push to range support at 41,000-43,000 looks likely near term as RSI slides towards oversold territory $BTC $BTCUSD https://t.co/ToeLdZeHnf
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.12% 🇦🇺AUD: 0.12% 🇬🇧GBP: 0.10% 🇪🇺EUR: 0.04% 🇳🇿NZD: 0.01% 🇨🇭CHF: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8rFNlQjnXg
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.69%, while traders in Germany 30 are at opposite extremes with 70.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UwiNbqfPon
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/2dtD007LPu
  • 🇯🇵 Core Inflation Rate YoY (MAR) Actual: -0.1% Expected: -0.1% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2021-04-22
  • 🇯🇵 Inflation Rate Ex-Food and Energy YoY (MAR) Actual: 0.3% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2021-04-22
  • 🇯🇵 Inflation Rate YoY (MAR) Actual: -0.2% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2021-04-22
US Dollar Extends Drop As IMF Lowers US Economic Growth Forecast

US Dollar Extends Drop As IMF Lowers US Economic Growth Forecast

Christian Lewis,

Talking Points:

  • USD extends drop as IMF reduces outlook for US economy in 2017, 2018
  • Trump administration policy uncertainty sighted for downgrade to outlook
  • IMF thinks Fed should continue on path of gradual raise of interest rates

See how retail traders are positioning in the Dollar-based majors, US indices,goldandoilintraday using the DailyFX speculative positioning dataon the sentiment page.

The US Dollar extended its decline through Tuesday’s session on news the International Monetary Fund (IMF) reduced its outlook for the United States’ economy because of policy uncertainty. The IMF cut its 2017 growth forecast to 2.1 percent from the 2.3 percent outlook offered in April, and cut the 2018 outlook to 2.1 percent from the previous 2.5 percent projection.

Plans to cut taxes and boost infrastructure spending have been a main focus for US President Donald Trump, and the execution of these plans highly anticipated by many. However, the IMF tempered its expectations that such economic and business friendly programs as regulations rollback, tax reform and a large infrastructure program, would readily clear legislative hurdles to be signed into law. That in turn, poses a concern for markets which have already moved to price such outcomes.

On a different tack, the IMF mentioned that it feels the gradual rate-hike path that the Federal Reserve has sustained is still appropriate, and recognized that US job growth has been persistently strong. It went on to call for the Fed to accept a modest, temporary inflation overshoot; and that it must continue to telegraph well laid out plans for the reduction of their balance sheet.

US Dollar Extends Drop As IMF Lowers US Economic Growth Forecast

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES